VOL. XLII
No. 12
22-March-1999
BAHRAIN
Bahrain International Bank Acquires Bomanton International
Bahrain International Bank (BIB) announced on 16 March thatit has acquired a majority stake in the UK-based holding company BomantonInternational. The deal, which is worth $30mn, means that BIB now owns 90% ofthe company痴 equity, with the remaining share being retained by the existingmanagement. Bomanton International, which operates subsidiaries in the UK andUS, is involved in the manufacturing of...
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